About Spencer Savings Bank
Spencer Savings Bank is a company based in Elmwood Park (United States) founded in 1893 was acquired by N.J.M. Bank, FSB in June 2014.. Spencer Savings Bank has completed 2 acquisitions, including Mariner's Bank and Wawel Bank. Spencer Savings Bank offers products and services including Personal Checking, Business Checking, Online Banking, Personal Savings, and Business Loans. Spencer Savings Bank operates in a competitive market with competitors including Salem Five Bank, Territorial Savings Bank, Cullman Savings Bank, Gorham Savings and Altoona First Savings Bank, among others.
- Headquarter Elmwood Park, United States
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Mariner's Bank
& 1 more
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Acquired by
N.J.M. Bank, FSB
(Jun 23, 2014)
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Products & Services of Spencer Savings Bank
Spencer Savings Bank offers a comprehensive portfolio of products and services, including Personal Checking, Business Checking, Online Banking, Personal Savings, and Business Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Account for managing everyday personal finances and transactions
Account for business operations and cash flow management
Platform for account access, transfers, and bill payments
Account to grow savings with competitive interest rates
Funding options for commercial and real estate needs
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Funding Insights of Spencer Savings Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Spencer Savings Bank
Spencer Savings Bank has secured backing from 1 investor. Prominent investors backing the company include N.J.M. Bank, FSB. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Spencer Savings Bank
Spencer Savings Bank has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Mariner's Bank and Wawel Bank. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Commercial banking services are provided to businesses and individuals.
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2001 | ||||
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Commercial banking services are provided to businesses and individuals.
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1920 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Spencer Savings Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spencer Savings Bank Comparisons
Competitors of Spencer Savings Bank
Spencer Savings Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Salem Five Bank, Territorial Savings Bank, Cullman Savings Bank, Gorham Savings and Altoona First Savings Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Offers personal and business banking, loans, mortgages, and insurance services.
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| domain | founded_year | HQ Location |
Savings bank
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| domain | founded_year | HQ Location |
Savings and loan services are provided in Cullman, United States.
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| domain | founded_year | HQ Location |
Provides checking, savings, loans, and online banking for individuals and businesses in Maine.
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| domain | founded_year | HQ Location |
Offers checking, savings, loans, and digital banking for consumers and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Spencer Savings Bank
Frequently Asked Questions about Spencer Savings Bank
When was Spencer Savings Bank founded?
Spencer Savings Bank was founded in 1893.
Where is Spencer Savings Bank located?
Spencer Savings Bank is headquartered in Elmwood Park, United States. It is registered at Elmwood Park, Illinois, United States.
Who is the current CEO of Spencer Savings Bank?
K Michael Robbins is the current CEO of Spencer Savings Bank.
What does Spencer Savings Bank do?
Spencer Savings Bank was established in 1893 as a community-focused institution in the banking sector. Operations are centered in Elmwood Park, United States, where deposit accounts, personal and business loans, and related financial services are offered. Leadership is provided by CEO and President K Michael Robbins. The bank maintains a traditional savings model, serving local residents and businesses through its physical and digital channels.
Who are the top competitors of Spencer Savings Bank?
Spencer Savings Bank's top competitors include Territorial Savings Bank, Cullman Savings Bank and Ottawa Savings Bank.
What products or services does Spencer Savings Bank offer?
Spencer Savings Bank offers Personal Checking, Business Checking, Online Banking, Personal Savings, and Business Loans.
How many acquisitions has Spencer Savings Bank made?
Spencer Savings Bank has made 2 acquisitions, including Mariner's Bank, and Wawel Bank.
Who are Spencer Savings Bank's investors?
Spencer Savings Bank has 1 investor. Key investors include N.J.M. Bank, FSB.
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